camp, the president morsi will have to respond one way or another in ways that introduce major changes and potentially see him step aside. i think you ve got a classic case of where you have an anti-mubarak, anti-repressive mome movement, that has been misinterpreted by morsi and others as pro them. sometimes reformers forget the grievances of people is not for them, as it is as much against the grievances. with morsi in a year and people feeling conditions haven t changed, he now becomes the object of what he benefited from. i think the challenge now is how you have a democratic transition if we re going to transition out, or how he deals with the issues that brought him to power in the first place. that s remember, that conditions have not only not changed, they ve gotten worsep. a country that s on the verge of economic collapse where there s fuel shortages, electricity
friends with people of america. if the regime is an ally, that s a different conversation. what obama is saying and he may not fully understand or appreciate what he s communicating to the egyptians is we re friends with who is ruling at the moment. the relationship between the peoples is secondary or unimportant, and that s potentially a quite divisive thing for the president to say. i don t think that was necessarily what he meant, but that s how it will be translated in the street. andrea, is that one of the pit falls what the president said? he was talking about the government, and he was just about to call president, mo mor when he set down with jose. i think he was speaking government to government, because it s the government that get $1.5 billion in aid. that s an issue on capitol hill, as we were discussing an hour ago with congressman chris van holland who very much believes, by the way, that despite some criticism that this aid is
precautions being taken? you move on to talk about where does the u.s. now stand with the muslim world? we heard the president in that interview with jose diaz vallard, our colleague, saying egypt is not an ally our enemy. richard engel had to set down because egypt had always been an ally under mubarak. so much of the political focus yesterday was how mitt romney handled and how the campaign responded and tried to attack president obama. those questions that you raise, particularly the last one is the united states better off with the relationship with egypt, with other countries in the muslim world now than when president obama first took office? of course, we have seen the arab spring, and on the one hand you saw the obama administration and europe countenance the arab spring, but there s the question of whether the middle east is
important because it s important to continue this relationship. it s a pivotal relationship in the region. that is so true. when you look at the aid, the amount of aid, bobby, no matter who morsi or pressure he may be under from the muslim brotherhood or whatever, the bottom line is that is an incredible amount of money, and we live in the real world, a global world, and we know the influence that money is expected it to bring. yes, absolutely. that is a matter of surprise. i think that morsi doesn t take that into account, and his statement is we don t know he s not taking that into account. it s not like he has multiple sources of aid. there s not a line of donors waiting to give him a billion and a half dollars. the united states is the most important relationship egypt has. just as president obama is sort of sizing up the new government in cairo, the government in cairo should be sizing up the real nature of its relationship with the united states and the
that had a graphic of a stock market if the president spoke and he was measured daily on the stock market in the first 100 days. here we are at levels five years highest opening in nearly five years, and there can t be a collective agreement that that is good news. i think it should be seen as good news you have central bankers who are trying to preserve the system. look, we live in a really cynical time with a lot of criticisms, and central bankers are fallible and are human beings. there are doing everything they can in their power to make sure the system is stable. it s up to politicians when we go to the polls to make sure we deal with it. spending, jobs bills, health care costs, taxes. banks can t do that, but creating a climate where there s not panic and immediate anxiety the bottom will fall out, that s an utterly vital thing. because of today and last week because of europe, we ought to acknowledge that and glad for